Doha – Mubasher: Aamal Company posted a 83.5% decline year-on-year in its profits during the fourth quarter of 2016, according to a bourse statement.

Profits reached QAR 38.63 million ($10.6 million) in Q4-16, compared to QAR 234.3 million ($64.3 million) in Q4-15.

In 2016, profits fell 23.1% to QAR 462.3 million from QAR 601 million in 2015.

The company’s board recommended 6% dividends or QAR 0.6 per share for fiscal year 2016.